Amendment to Bankers to an Issue Regulations increases required bankers for an issue, affecting eligibility and compliance. The Regulations amend the Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994 by substituting the word 'three' with 'eight' in sub-regulation 3 of regulation 12, thereby increasing the numeric threshold in that provision; the amendment is enacted under section 30 of the SEBI Act and comes into force on publication in the Official Gazette.
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Amendment to Bankers to an Issue Regulations increases required bankers for an issue, affecting eligibility and compliance.
The Regulations amend the Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994 by substituting the word "three" with "eight" in sub-regulation 3 of regulation 12, thereby increasing the numeric threshold in that provision; the amendment is enacted under section 30 of the SEBI Act and comes into force on publication in the Official Gazette.
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